SAP Security GRC Training in Coimbatore

SAP SECURITY GRC

The Open Compliance and Ethics Group (OCEG) defines GRC as “the capability to achieve objectives (governance), while addressing uncertainty (risk management) and acting with integrity (compliance).” SAP’s integrated GRC suite is a comprehensive solution that helps you manage each area in a unified way using automation, with powerful monitoring and reporting in real time.

SAP GRC Process Control is a key part of SAP’s GRC software. It sits alongside SAP Access Control, SAP Risk Management, SAP Fraud Management and SAP Audit Management. Contrary to popular belief, although all are complementary tools, none of these modules are a prerequisite to implementing SAP GRC Process Control, which can be used on its own.

In simple terms, SAP GRC Process Control can act as an organization’s controls hub. Broadly, it covers five areas:

• Document: enabling you to document controls, tests of controls and policies in one place, covering risks and regulations impacting your organization
• Scope: allowing you to manage risk and compliance by control tests to determine scope and test strategies
• Evaluate: evaluating control design and effectiveness, test policy compliance, and raise and remediate issues using a range of tools and content
• Monitor: equipping you with tools to perform automated, exception based testing and monitoring of controls
• Report: providing you with actionable insights through analytics and supporting the accountability of individuals through social GRC

Benefit from GRC (Governance, Risk and Compliance)?

Undoubtedly, the top management enjoys the holistic benefit factors that are a part of the GRC software. However, the benefits spread out to other departments and people too. Some of them are:

• Stakeholders of the company.
• Legal counselors who overlook the legal requirements and records of the company.
• Business executives who deal with risk management. SAP GRC (Governance Risk Compliance) helps them in identifying and managing risks in a proper manner.
• IT managers who deal with implementation of software that are related to various GRC projects in an organization.
• The finance department, which is responsible for meeting all regulatory requirements.

Accounting for risk at every stage improves upon the performance stakeholders, organizational processes and strategic decisions alike--thus improving their performance and productivity.

Why are SAP GRC Important?

• Compliance requirements like Sarbanes-Oxley (SOX) as well as industry-specific rules like 21 CFR Part 11, mandate controls to detect, mitigate and prevent misconduct. These rules are backed up by auditing and hefty noncompliance penalties, but leave many of the details of implementation up to companies.
• Traditionally, companies would manually review internal records to meet regulatory compliance goals.
• They would compile data into audit reports, which could also be used to detect fraud, design remediation efforts and perform other compliance activities.
• Unfortunately, this technique is time-consuming and inefficient; it can take hundreds of hours to compile company access logs, create, authenticate and review reports. Manual reporting also leads to data entry errors, which can cause false positives. Plus, by the time the information is reviewed it’s usually at least a few months old.
• This increases risks by delaying remediation. It also makes change control difficult to impossible, since there’s no practical way to check user access changes for Segregation of Duties (SoD) risks against current data.
• Additionally, these reports typically only sample access data, since it’s impractical to check everything by hand.
• Both internal fraud and external intrusions can slip by, making document-centric remediation a poor tool for both security and compliance.